International trade is the exchange of goods and services across borders.
Local trade is the exchange of goods and services whiting the same country.
A good is something than satisfies a need. A good is tangible. Ejm: Food, clothes, cars, money.
In marketing a product is a bundle of goods and services.
A service is something intangible that satisfies need. Ejm: transportation, security, water, gas.
Output is an amount of something produced by a person, machine, factory, country, etc.
Develop is grow or change into a more advanced, larger or stronger form.
Due to is because of.
Half is either of the two equal or nearly equal parts that together make up a whole.
Ship is a large boat for travelling on water, especially across the sea.
Pattern is a particular way in which something is done, organized or happens.
Measure is discovering the exact size or amount of something, or to be of a particular size.
Impose is to officially force a rule, tax, punishment, etc. to be obeyed or received
Draw is to make a picture of something or someone with a pencil or pen
Loath is to be unwilling to do something
Open is not closed or fastened
Agreement is when people have the same opinion, or when they approve of or accept something
Amount is a collection or mass especially of something which cannot be counted
Success is a ....
Commoditya substance or product that can be traded, bought or sold
Tend is to be likely to behave in a particular way or have a particular characteristic
Flow is to move in one direction, especially continuously and easil
Engage is to employ someone
Approach is to come near or nearer to something or someone in space, time, quality or amount
Swell is to become larger and rounder than usual; to (cause to) increase in size or amount
Driven is describes someone who is so determined to achieve something or be successful that all their behaviour is directed towards this aim
Such is used before a noun or noun phrase to add emphasis
Staple is a short thin piece of wire used to fasten sheets of paper together. It has sharp ends which are pushed through the paper and then bent flat by a special device.
Impose is to officially force a rule, tax, punishment, etc. to be obeyed or received
Approach is to come near or nearer to something or someone in space, time, quality or amount
Restriction is an official limit on something
Payments: The difference between the money that a country receives from exportsand the money that it spends on imports
Assets: Buildings, equipment and land owned by a company.
The Word Trade Organisation
GATT: General Agreemenents on Tariffs and Trade
MFN: Most Favorite Nacion
Purpose: Why you do something or why something exists
Accurate: Correct, exact and without any mistakes
Agreements: An agreement which is based on trust and is not written down
Whereas: Compared with the fact that; but
Council: A group of people elected or chosen to make decisions or give advice on a particular subject, to represent a particular group of people, or to run a particular organization
TRIPS: The council for Trade Related Aspects of Intellectual Property Rights
Hijacked: To take control of an aircraft or other vehicle during a journey, especially using violence
Poor: Having little money and/or few possessions
Health: The condition of the body and the degree to which it is free from illness, or the state of being well
Environment: The air, water and land in or on which people, animals and plants live
Grow: To increase in size or amount, or to become more advanced or developed
Reward: Something given in exchange for good behaviour or good work, etc
Piracy: The practice of attacking ships in order to steal from them
Efforts: Physical or mental activity needed to achieve something
Stifle: To (cause to) be unable to breathe because you have no air
Issues: A subject or problem which people are thinking and talking about
Gap: An empty space or opening in the middle of something or between two things
Toward: In the direction of, or closer to someone or something
Abroad: In or to a foreign country or countries
Able: To have the necessary physical strength, mental power, skill, time, money or opportunity to do something
Eroded: To rub or be rubbed away gradually
Outcome: A result or effect of an action, situation, etc
Claim: To say that something is true or is a fact, although you cannot prove it and other people might not believe it
Damage: To harm or spoil something
Gains: Profits made by selling property or an investment
International Trade
- Local trade is the exchange of goods and services whiting the same country.
- A good is something than satisfies a need. A good is tangible. Ejm: Food, clothes, cars, money.
In marketing a product is a bundle of goods and services.International trade is the exchange of goods and services across borders.
The Word Trade Organisation